St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-20
uNDENIABLY QUIET.
Such is the Unanimous Verdict OF Deal
ers in
MINNEAPOLIS REAL ESTATE.
II Is the Regular Winter Let-Up-- Build
ing Matters and Notes OF
Sales.

There is no use Disgusting the fact
the past week has been an extremely
dull and unsatisfactory one In real
estate circles. Any big talking indulged
in is done by irresponsible parties. Inc
conservative houses all report quiet.
uneyentful aspect in business. At the
Loan and Trust company the quletnesS
of business is attributed to the tight
ness of the money market, and until
money flows more freely the dizziness
will continue. That is their opinion.
Mr.. Marsh, of the firm of MarshI&
Bartlett, has been on the jury for the
past few days, but found time to deliver
himself as follows on business In gen.
eral: 1.-The market is about the same
as it has been for the past two weeks;
only those i'm special need of cash offer
any reduction of values, and the con-
slant increase in the daily transfers
as reported show that the bargains are
being taken. There are probably more
exchanges, but not cash sales, than
in the spring and summer. Mr..
KEGS, of Long & KEGS, has
this to say: In my experience the city
was never so dull as it is at present so
far as building is concerned. Our house
is doing absolutely nothing. OF course
there are some things talked about, but
nothing of any Importance. The other
member of our firm, Mr.. Long, is at
present in Chicago on business trip.
A curious thing happened a few days
ago TO prominent real estate man who
owns good deal of property near Lake
Calhoun.
George W. Gale has purchased lot
tbo bowman Of Frhirtxr-fbird CtrQat and
Chicago avenue, and is building hand
some residence thereon.
Holmes & Brown continue steadily
getting rid of property at the Fair
Ground addition. F. 2. Pelcher and o.
E. Bricke have been investing in numer-
Gus lots out there this past week.
The foundation of the four story brick
building built to the order of TurnquiSt
Bros, between Nicollet and Hennepin
avenues On Sixth street, is being rapidly
laid, and the building promises to be an
ornament to the block upon which 1t is
being erected.
William f. Neiderriter engineered
quite an extensive sale last week when
he exchanged good deal of scattered
Minneapolis property, some at Forest
Heights. some at Lake Calhoun and
more at Western avenue for 500
acres at a place called Tyrone, Wis.,; 40
acres of the 500 is already plated in a
township, and the monetary conSidera-
ton involved was $4,000.
Building in the Eighth ward con-
tinues steady and the enterprising resi-
dents and property owners of that sec
ton seem very anxious to Improve
their ward. Robert BlaisdeH, Jr., in
tends erecting a bank building corner
of NicOllet and Twenty-sixth, to cost in
the neighbOrhOOd of $4,000. Close by
c. c. Dunn will build three-story
brick, costing about the same sum, and
James McKinny, Jr., is at present
erecting on Stevens avenue handsome
hotel building, which is needed in that
quarter. -,
The city has lately been flooded with
Central California Land and Improve
ment company. A call at their office
was made yesterday, and after minute
inquiry into the affairs of the concern,
the opinion was reached that they are
probably doing square, honorable bust
ness. They represent to give lots
away for S. in California, or
rather they agree to sell them at
that rate. The truth of the matter is
there are thousands upon thousands of
acres of land to be bought i'm California
for a mere song. These men are most
likely spectators who drifted out West,
took advantage OF this and bought up a
good deal of land at very low prices,
therefore being able to afford toilet it go
now at starvation prices. That they
really sell lot no one need have any
doubt. The only trouble to think about,
is there water OH the land, or is water
being brought to it by any process of ir-
rigation. California land with water on
/ it is good property, but, if it is not posi-
BILE to irrigate it, then the property is
not worth the paper the deeds are writ
ten upon. The class of customers they
catch are, of course, not the old war
veterans, who have been through land
boom or two, and largely comprise
young people and irresponsible females
with turn for speculation.
Hon. John Washburn expects to Oc-
cupy his new residence, adjacent to the
palatial home of his uncle, with whom
he has been stopping for some time
past, this week. When completed this
will be one of the handSOmeSt resi-
dences in the city.
To sum up the real estate situation:
although it has been dull for the past
week. still the members of the business
seem to think the winter will be busy
one, and in no manner or shape do
they seem discouraged. They report
that exchanges are quite numerous and
correspondence from outside plentiful,
and therefore feel justified in believing
that the present depression is simply